Market Share of Mass Transit Security Industry
The mass transit security systems market is moderately fragmented due to the presence of many small and large vendors. The major vendors have the benefit of the experience and scale of project undertaken over relatively new vendors. Collaboration with the infrastructure and technological ecosystem provider is critical in the amrket. The market is gaining traction and is expected to grow over the forecast period. To survive this intensely competitive environment, vendors are strategically innovating to distinguish their products and services offered, through clear and unique value propositions. The market is expected to see the intensified competition with an increase in product/service extensions, technological innovations, and mergers and acquisitions.
- November 2018 -Smiths Detection and its local distributor, Eastronics, have been selected by the Israel Airport Authority (IAA) to supply 32 advanced checkpoint lanes for Ben Gurion Airport and the new Ramon International Airport, which is due to open in 2019.
- February 2018 -Astrophysics Inc. announced a partnership withSynapse Technology Corporation. Through this partnership, the company announced to offer their XIS-6040 with integrated AI software Syntech SOLUTION, capable of detecting handguns and knives.
Mass Transit Security Market Leaders
Smiths Detection Inc.
L-3 Communications Holdings, Inc.
Bosch Security Systems Inc.
Panasonic Security Systems Inc.
Nice Systems, Inc.
*Disclaimer: Major Players sorted in no particular order
